Sei Investments Co. Sells 60,024 Shares of Ermenegildo Zegna N.V. $ZGN

Sei Investments Co. reduced its position in shares of Ermenegildo Zegna N.V. (NYSE:ZGN) by 13.3% in the first quarter, Holdings Channel reports. The fund owned 392,213 shares of the company’s stock after selling 60,024 shares during the quarter. Sei Investments Co.’s holdings in Ermenegildo Zegna were worth $4,087,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ZGN. Osborne Partners Capital Management LLC increased its position in Ermenegildo Zegna by 34.8% in the first quarter. Osborne Partners Capital Management LLC now owns 942,458 shares of the company’s stock worth $9,820,000 after purchasing an additional 243,137 shares during the last quarter. Spectrum Strategic Capital Management LLC raised its stake in Ermenegildo Zegna by 903.3% during the fourth quarter. Spectrum Strategic Capital Management LLC now owns 111,572 shares of the company’s stock valued at $1,144,000 after purchasing an additional 100,452 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its position in Ermenegildo Zegna by 82.3% during the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 354,608 shares of the company’s stock valued at $3,695,000 after purchasing an additional 160,078 shares during the last quarter. RFG Advisory LLC bought a new position in Ermenegildo Zegna during the fourth quarter valued at $1,165,000. Finally, Walleye Capital LLC grew its stake in shares of Ermenegildo Zegna by 1,938.7% in the 1st quarter. Walleye Capital LLC now owns 665,851 shares of the company’s stock worth $6,938,000 after buying an additional 633,191 shares in the last quarter. 12.91% of the stock is currently owned by institutional investors.

Ermenegildo Zegna Price Performance

Shares of ZGN stock opened at $14.81 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.91 and a current ratio of 1.59. The company’s 50-day simple moving average is $14.08 and its two-hundred day simple moving average is $12.17. Ermenegildo Zegna N.V. has a one year low of $7.62 and a one year high of $15.95.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. UBS Group restated a “buy” rating and issued a $14.50 target price on shares of Ermenegildo Zegna in a report on Friday, May 1st. Wall Street Zen raised shares of Ermenegildo Zegna from a “hold” rating to a “buy” rating in a report on Tuesday, July 28th. TD Cowen lifted their price target on Ermenegildo Zegna from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Ermenegildo Zegna in a research note on Friday, July 17th. Finally, JPMorgan Chase & Co. raised their price objective on Ermenegildo Zegna from $12.50 to $14.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Ermenegildo Zegna presently has an average rating of “Moderate Buy” and a consensus target price of $13.23.

Ermenegildo Zegna Company Profile

Ermenegildo Zegna is a global luxury fashion house specializing in men’s tailored clothing, casualwear, accessories, footwear and fragrances. With a focus on high-quality fabrics and craftsmanship, the company manages the entire value chain from wool sourcing and textile production to garment design, manufacturing and retail distribution.

Founded in 1910 by Ermenegildo Zegna in Trivero, Italy, the company began as a textile mill dedicated to producing fine wool fabrics. Over the decades it expanded into ready-to-wear clothing and built a reputation for sartorial excellence.